As part of the registration statement,the preliminary prospectus circulates to investors before the stock is offered.This preliminary prospectus is also called a(n):

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The preliminary prospectus that circulates to investors before the stock is offered is called a red herring. This document contains information about the company and the offering but is not yet complete or final. The name "red herring" refers to the disclaimer in the document that states that the information contained therein is not complete and may be subject to change.

As Part of the Registration Statement,the Preliminary Prospectus Circulates to Investors